Beijing announced today that it is imposing additional tariffs on a range of US products, including chicken, wheat, corn and soybeans, in response to new US tariffs on Chinese products.
US President Donald Trump yesterday signed an executive order raising tariffs on all Chinese products entering the US to 20%, which took effect today.
In response, China today imposed additional tariffs of 15 percent on American chicken, wheat, corn and cotton entering China.
Other imported products such as soybeans, pork, beef, seafood, fruits, vegetables, and dairy products will be subject to an additional 10 percent customs duty.
"By acting unilaterally, Washington is harming the multilateral trading system and undermining the foundation of economic and trade cooperation between China and the United States," the Chinese Ministry of Finance said.
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The new Chinese tariffs will take effect after March 10, 2025, the statement said.
At the same time, Beijing announced that it had added fifteen American companies to the export control list.
These companies "harm China's national security and interests," the Chinese Ministry of Commerce said in a statement.
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